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Much of the economic news we read about can be reinterpreted into our Mv = PY framework. Turn each of the following news headlines into
Much of the economic news we read about can be reinterpreted into our "Mv = PY" framework. Turn each of the following news headlines into a precise statement about M, v, P, or Y.
A- "American businesses are spending faster than ever."
B- "Prices of most consumer goods rose 12% last year."
C- "Workers produced 4% more output per hour last year."
D- Real GDP increased 32% in the last decade."
E- "Interest rates fall: consumers hold more cash."
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